Dollar General has more downside and reversal zone identified
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of the distribution ranges. We can see a complex distribution range existing of 2 different types of distribution patterns at the top.
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic.
If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic.
If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.